Increasing Demand for Efficient Water Heaters to Boost the Dip Tubes Market
Posted: Mar 12, 2020
An upcoming market research report from Industry Probe titled "Dip Tubes Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027" provides comprehensive understanding of the market to the clients cultivating their leadership capacity. Further, the report explores significant factors related to the dip tubes market that cover industry overview, segmentation analysis, and competitive landscape.
The report with its easy and plain manner has cited pragmatic ideas of the market. The report also highlights numerous facts responsible for the growth of the market such as development factors, statistical growth, business strategies, financial loss or gain to assist readers as well as clients comprehend the dip tubes market from a global perspective.
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According to the upcoming report from Industry Probe, water heaters are valued to constitute about one-fifth of the average household energy use. With an increase in energy costs and environmental concerns, demand for efficient water heaters is surging rapidly across the globe. Dip tubes are known to improve the efficiency of water heaters. Thus, good quality dip tubes are essential to increase water heater efficiency. This is expected to fuel the demand for efficient water heaters across the globe, which, in turn, is expected to propel demand for dip tubes.
The report has segmented the global dip tubes market based on end-users, distribution channel, and region. On the basis of end-use, the global dip tubes market is classified into residential water heaters and commercial water heaters. The residential and commercial water heaters segments are further sub-segmented into gas and electric water heater. In terms of distribution channel, the global Dip Tubes market is divided into online channel and offline channel.
Some of the major companies operating in the global Dip Tubes market are included in this report to give a better competitive analysis of the market and these include A. O. Smith Corporation, Apcom, Rheem Manufacturing Company, Reliance Water Heater Company, Sears, Sigma Polymers Engineering Company, Sapphire Fabrications, and GCE Group among others.
In India, the number of installations of solar water heaters is growing significantly over the last few years. In 2014, as per the NITI Aayog, the government of India had a minimal share of 1.6% of the total heating capacity of solar water heaters installed across the world. The government of India provides incentives for the growth of the solar water heaters market in India, which is expected to drive demand for dip tubes across India. GCC is projected to account for a major share of the market in Middle East & Africa, followed by South Africa, in the near future. Brazil is likely dominate the Dip Tubes market in South America during the forecast period.
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Industry Probe is a global market intelligence and advisory firm with an unwavering purpose to help businesses achieve strategic objectives through a varied range of offerings.